Commonwealth Consolidated Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 503

  (1)   If:

  (a)   Part   4.6 applies to a dealing relating to a title; and

  (b)   immediately before the title came into existence, the dealing was a dealing referred to in subsection   498(1);

the Titles Administrator may approve the dealing under section   493 only if:

  (c)   a provisional application for approval of the dealing was made under section   498; or

  (d)   an application for approval of the dealing was made under section   488 within:

  (i)   90 days after the day on which the title came into existence; or

  (ii)   such longer period as the Titles Administrator allows.

  (2)   The Titles Administrator may allow a longer period under subparagraph   (1)(d)(ii) only if there are sufficient grounds to warrant allowing the longer period.